InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHTFree Report) in a report issued on Friday. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Down 5.9 %

IHT opened at $1.33 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.35 and a quick ratio of 2.35. InnSuites Hospitality Trust has a 12 month low of $0.95 and a 12 month high of $3.82. The stock has a market capitalization of $11.95 million, a price-to-earnings ratio of 22.11 and a beta of 0.16. The business has a 50-day moving average of $1.40 and a two-hundred day moving average of $1.44.

InnSuites Hospitality Trust Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, February 5th. Stockholders of record on Monday, January 22nd were issued a dividend of $0.01 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, January 19th. InnSuites Hospitality Trust’s payout ratio is currently 33.34%.

Insider Transactions at InnSuites Hospitality Trust

In other news, insider Chase, Jr. bought 500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of $600.00 per share, for a total transaction of $300,000.00. Following the acquisition, the insider now owns 72,946 shares of the company’s stock, valued at $43,767,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Chase, Jr. acquired 500 shares of the stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $600.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the insider now directly owns 72,946 shares of the company’s stock, valued at $43,767,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James F. Wirth acquired 300 shares of the stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of $384.00 per share, with a total value of $115,200.00. Following the transaction, the chief executive officer now directly owns 5,944,284 shares of the company’s stock, valued at $2,282,605,056. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,201 shares of company stock worth $6,339,673. 2.03% of the stock is currently owned by company insiders.

About InnSuites Hospitality Trust

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InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.

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